In a groundbreaking development for the cryptocurrency market, Gemini, the U.S.-based exchange founded by the Winklevoss twins, has signaled its intent to list Ripple’s XRP token. This move follows a pivotal legal ruling that clarified XRP’s regulatory status, sparking renewed interest from major exchanges worldwide.
Gemini’s Cryptic Tweet Ignites Speculation
Gemini recently tweeted an enigmatic message featuring a GIF of a cat captioned:
"Me, the intern, patiently waiting for Gemini to list XRP."
While the tweet didn’t confirm an official listing, the crypto community interpreted it as a strong hint. This aligns with Gemini’s July 13 statement, where the exchange announced it was "exploring the listing of XRP for both spot and derivatives trading" after a federal judge ruled that XRP sales on exchanges do not constitute investment contracts.
👉 Discover how top exchanges are adapting to crypto regulations
Legal Clarity Fuels XRP’s Resurgence
The July 13 ruling by Judge Analisa Torres marked a watershed moment for XRP:
- Ruling: XRP sales on exchanges and via algorithms are not securities transactions.
- Impact: XRP’s price surged 70% within hours, peaking at $0.95 (a 19-month high).
- Market Cap: Briefly exceeded $41 billion, surpassing BNB to become the 4th-largest crypto.
Exchanges Re-embrace XRP
Following the verdict, major platforms swiftly reinstated XRP trading:
| Exchange | Action Taken |
|--------------------|---------------------------------------------------------------------------------|
| Coinbase | Reintroduced XRP/USD, XRP/USDT, and XRP/EUR trading pairs. |
| Kraken | Recorded 273 million XRP purchased post-relisting. |
| Crypto.com | Added XRP support across 20+ fiat currencies, including USD and EUR. |
| Bitstamp | Limited initial relaunch to U.S. customers. |
👉 Explore the best platforms to trade XRP today
Why Gemini’s Potential Listing Matters
- Credibility Boost: Gemini’s compliance-first approach lends legitimacy to XRP.
- Liquidity Growth: Integration could enhance XRP’s trading volume and stability.
- Market Sentiment: A Gemini listing may signal broader institutional acceptance.
FAQ Section
Q: When will Gemini officially list XRP?
A: No confirmed date yet, but the exchange’s tweets suggest an imminent decision.
Q: Is XRP a good investment post-ruling?
A: While the legal win reduced regulatory risks, always conduct independent research.
Q: Which wallets support XRP storage?
A: Ledger, Trezor, and Trust Wallet are popular non-custodial options.
Q: How does XRP’s utility differ from Bitcoin?
A: XRP focuses on cross-border payments, whereas Bitcoin is a store of value.
The Road Ahead
As Gemini deliberates its XRP listing, the crypto industry watches closely. A green light could further solidify XRP’s resurgence and underscore the importance of regulatory clarity in fostering innovation.
Key Takeaways:
- Legal victories can dramatically alter a crypto’s trajectory.
- Exchange support is critical for asset liquidity and adoption.
- Gemini’s move may set a precedent for other compliant exchanges.
For real-time updates, follow reputable crypto news sources and avoid unverified rumors.
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